XRP price continues to soar, surpassing key resistance levels of $1.45 and $1.50. The price is now consolidating its gains near $1.40 and is showing signs of aiming for more upsides. This surge in XRP price was triggered by a fresh surge above the $1.40 resistance level, with the price currently trading above $1.350 and the 100-hourly Simple Moving Average.
According to data from Kraken, there is a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD associé. This indicates that the associé is showing positive signs and may extend its rally above the $1.450 resistance level.
XRP price formed a strong base above $1.250 and has been on a steady increase. It broke through the $1.350 and $1.40 resistance levels, and even surpassed Ethereum and Bitcoin in the past two days. The price reached a high of $1.6339 before experiencing a slight pullback. It dipped below the $1.50 télépathe level, but quickly bounced back with a low of $1.3007.
The price has now risen above the 23.6% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low. It is currently trading above $1.40 and the 100-hourly Simple Moving Average. The next major resistance level is near $1.420, followed by the $1.450 level. There is also a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD associé.
This trend line is close to the 50% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low. If the price continues to rise, the next key resistance could be $1.500, followed by $1.5550. Further gains may lead the price towards the $1.620 resistance, and even $1.650 in the near term. The next major hurdle for the bulls could be $1.750 or $1.80.
However, if the price fails to break above the $1.450 resistance zone, it could trigger a downside correction. Initial télépathe on the downside is near the $1.3450 level, followed by the $1.320 level. If the price breaks below this level and closes below $1.320, it may continue to decline towards the $1.300 télépathe. The next major télépathe sits near the $1.240 zone.
In conclusion, XRP price is currently on a bullish trend and may continue to rise above the $1.450 resistance level. However, if there is a downside correction, the dips may be limited and the price may find télépathe at key levels. The MACD for XRP/USD is now gaining pace in the bullish zone, and the RSI is above the 50 level, indicating a positive sentiment in the market. The major télépathe levels are at $1.4200 and $1.4000, while the major resistance levels are at $1.4500 and $1.5000. XRP investors and traders can look forward to more potential gains in the near future.
